Sanfo Outdoor Plans To Raise Additional Funds To Be Used To Supplement Liquidity.

On the evening of February 23rd, Sanfo outdoor (002780) issued a suggestive announcement on the planning of non-public offering, saying that the company was planning to issue non-public offering stocks, and raised funds to be used to supplement liquidity.

The announcement shows that the number of shares of Sanfo's outdoor non-public offering is determined by the total amount of the proceeds, divided by the issuing price, and does not exceed 30% of the total share capital issued before the issue. This issue will not lead to changes in corporate control.

As for the reasons for the planned increase, Sanfo outdoor said that in order to further meet the capital needs of the company's business development, optimize the capital structure, improve the financial situation, promote the company's business layout, and enhance the company's brand operation and promotion.

According to Sanfo outdoor, the fixed subscription fund is intended for X-BIONIC brand design, R & D, production and marketing promotion, online and offline sales channel construction, parent-child outdoor sports and youth outdoor entertainment, sports training, natural education curriculum system construction and supplementary company liquidity fund.

Sanfo outdoor said, at present, the feasibility of this non-public offering stock and the feasibility of raising funds is still in the process of demonstration. There is a great uncertainty in whether the matter can be reached, and the direction of raising investment may also be adjusted along with the advance of the project.